Barking and Dagenham Council has established an energy service company to develop heat networks across the borough.
Cabinet resolved on 28 June 2016 to create B&D Energy, with the aim of cutting the borough’s carbon footprint and generating savings and investment for the local community.
The council said the move was part of its bid to become the “green energy capital of London”.
Councillor Darren Rodwell, leader of the council, explained: “Our 15-year strategy aims to reduce fuel bills for local residents and to address fuel poverty.
“We want to move from being a borough that gets just 2.5% of its energy from renewable sources – the London average – to one that by 2025 gets over 25% from low carbon, decentralised and renewable sources.”
B&D Energy will invest in low carbon energy generation projects that will support economic development and generate income for the council.
The company will develop combined heat and power systems across the borough and will improve solar energy generation through initiatives including the installation of panels on council buildings. It will also look for opportunities to store energy and to make use of other natural sources such as wind in the longer term.
B&D Energy is expected to start operating in early 2017.
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…